Independent Examination (IE) of Accounts of a small charity
Jonno1
Registered Posts: 63 Regular contributor ⭐
I have been asked to carry out an Independent Examination of the Accounts of a small charity. As far as I know, the Charity does not need to carry out statutory reporting to the Charities Commission. What typical tasks do people think I should I carry out in relation to this role, and how long do people think I should spend on the process?
0
Comments
-
To see if an IE is required you can check this flow chart https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/337911/cc31flowchart.pdf
All charities have to at least complete an Annual Return to be sent to the Charities Commission which includes some financial information.
Guidance from the Charities Commission on performing an IE can be found here - https://www.gov.uk/government/publications/independent-examination-of-charity-accounts-examiners-cc32/independent-examination-of-charity-accounts-examiners
The length of time depends on the size of the charity and the number of transactions. Anywhere from 2 hours + I would say is reasonable.
Also are you licenced by the AAT to carry out the IE as it is a separate area of the MIP licence.Regards,
Burg0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership